The Ultimate Guide to Buying Your First House in the Philippines
Angela Cruz
Your Journey to House Ownership Starts Here
Navigating the property market for the first time can feel overwhelming, but with the right knowledge, it can be an exciting adventure. This guide breaks down the essential steps for first-time house buyers in the Philippines.
Step 1: Financial Health Check
Before you even start browsing, you need to understand your financial situation.
- Assess your savings: How much do you have for a down payment for the house?
- Check your credit score: A good score is crucial for loan approval.
- Get pre-approved for a loan: This tells you exactly how much you can afford.